Materials Stocks Break Out as Old Economy Meets the Future
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- Wall Street ends down as expectations of Hormuz deal fade
- JPMorgan lifts S&P 500 target to 8,000 on strong earnings
- Nvidia and Wall Street giants plan $500B AI funding deal, FT reports
- Jefferies cuts Apple rating as higher-priced iPhone roadmap looks difficult
- Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fade
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Jefferies on Freeport-McMoRan (FCX): 'we do expect Grasberg to get back to full capacity by the end of 2027'
January 22, 2026 10:31 AM ESTJefferies analyst Christopher LaFemina reiterated a Buy rating and $68.00 price target on Freeport-McMoRan (NYSE: FCX).
The analyst comments "Our Call: While there is of course some risk to the timing of recovery to full production, we do expect Grasberg to... More
